Question: Hello, I need help with this problem for my accounting class. I already compeleted some portions of the assignment but I've been spending a lot






Irelruotisne Ligentup censecy Ender Periet spraatshet For the Yat Endud Augut at, aors Fequired: 1. Propare an income statemont for the year ended Auguat 31, 20Y5. 2. Prepave a statement of stockholders equly for the year ended August 31, 20y5. Duning the yeas common stock or sas, o00 was lisced 3. Preparo a balanco sheot as of August 31,20 Y5. 4. Based upon the end-or-pentod spreudsheet, joumalire the closing entries. 5. Propare a post-closing triat balance. 1. Prepare an income statement for the year ended August 31, 20 Y5. Income Statement fisiructions 2. Prepare a statement of stockhpiders' equily for the yoar ended August 31,20Y5. During the year, common stock of $25,000 was issued. Balance Sheet Uight-It-up Company Score: 160/198 Balance Sheet August 31, 20Y5 Assets Current assets: 1 Cash 4 Accounts teceivable 5: Prepoid ingurance 6. Supplies 7. Totat current assets - Property, plant, and equipment: 9: Land to Building 2$423,000002$98,000,002 i1 Accumulated depreciation-bulding u Bookvalue-bulding is Equipment u Accumulated depreciation-equipnent 14 Bookvalue equipment it Total property, plant, and equipment 1) Total asets Libilities 9. Current liabicities: io Nccounts payable Salaries and wages payable Unearned rent Toal labilties Stocholdes' Equily 520,60000 Retained earnings Totat stockholders equity Total liabiletier and stockholders equily 5. Prepare at post-closing triat bolance. Hhw dhet evanine mark? * Crason My Wise Irelruotisne Ligentup censecy Ender Periet spraatshet For the Yat Endud Augut at, aors Fequired: 1. Propare an income statemont for the year ended Auguat 31, 20Y5. 2. Prepave a statement of stockholders equly for the year ended August 31, 20y5. Duning the yeas common stock or sas, o00 was lisced 3. Preparo a balanco sheot as of August 31,20 Y5. 4. Based upon the end-or-pentod spreudsheet, joumalire the closing entries. 5. Propare a post-closing triat balance. 1. Prepare an income statement for the year ended August 31, 20 Y5. Income Statement fisiructions 2. Prepare a statement of stockhpiders' equily for the yoar ended August 31,20Y5. During the year, common stock of $25,000 was issued. Balance Sheet Uight-It-up Company Score: 160/198 Balance Sheet August 31, 20Y5 Assets Current assets: 1 Cash 4 Accounts teceivable 5: Prepoid ingurance 6. Supplies 7. Totat current assets - Property, plant, and equipment: 9: Land to Building 2$423,000002$98,000,002 i1 Accumulated depreciation-bulding u Bookvalue-bulding is Equipment u Accumulated depreciation-equipnent 14 Bookvalue equipment it Total property, plant, and equipment 1) Total asets Libilities 9. Current liabicities: io Nccounts payable Salaries and wages payable Unearned rent Toal labilties Stocholdes' Equily 520,60000 Retained earnings Totat stockholders equity Total liabiletier and stockholders equily 5. Prepare at post-closing triat bolance. Hhw dhet evanine mark? * Crason My Wise
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